The Deal
Sunday, November 8, 
2:00 pm

More Wall Street layoffs at Goldman Sachs

  Share     E-Mail    Discussion    Print Story
Pink_Slip_transparent.gifGoldman Sachs Group Inc. has started doling out the pink slips to investment bankers due to the crawling markets and merger slump, according to Reuters.

Continue reading below

Also on Dealscape

The report says hundreds of support staff and junior-level bankers were let go, and around 25% of employees at the vice president level. Wall Street has laid off more than 60,000 since the credit crunch began. Lehman Brothers Inc. and Bear Stearns Cos. laid off a large number of employees due to the ailing markets -- and in Bear's case due to a merger with J.P. Morgan Chase & Co.

So far there have been 4,000 dismissals at Morgan Stanley, 5,000 at Merrill Lynch & Co., 7,000 at UBS and 16,000 at Citigroup Inc., according to New York Magazine. - Maria Woehr

See Dealscape's More Lehman Layoffs
See Dealscape's Bear Stearns layoffs begin
See Dealscape's Layoffs continue on the Street
See Dealscape's The Street is covered with pink slips



Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Dealing with frozen bank lending

If your bank is not willing to lend, what can you do as your company continues to seek growth?


Judgment Call

The coming age of the renminbi

The Chinese currency will play an increasingly important role in international commerce and finance.


Industry Insight

Banking on PE investments

Howls of protest greeted the FDIC policy statement, but the financial services industry should get over it.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.